General Public Utilities Corporation (NYSE: GPU) today increased the
regular quarterly dividend on the company's common stock to 40
cents per share, an increase of 6.7 percent.

The increased dividend is payable May 27, 1992, to shareholders of record April 24.
"Although the sluggish economy is likely to have an adverse effect on the corporation's results this year," said James R. Leva, GPU president and chief executive officer, "today's increase reaffirms our ongoing commitment to provide our shareholders with an improving yield on their investment."
"Our constant focus on cost-containment in all aspects of the business has enabled GPU and its subsidiaries to partially offset the brunt of this current economy on the company," Leva said. "We will not lose sight, however, of our responsibility to provide our customers with a high level of service."
Since 1987, when GPU reinstated its common stock dividend, it has been increased six times. Last April, GPU raised the regular quarterly dividend by 15 percent and declared a 2-for-1 stock split.
GPU is a registered electric utility holding company with three operating subsidiaries: Jersey Central Power and Light Company, Pennsylvania Electric Company, and Metropolitan Edison Company.
The GPU System provides about 43 billion kilowatt-hours of electricity to more than 1.9 million customers in a service territory encompassing approximately half the land area of Pennsylvania and New Jersey.
/delval/
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/CONTACT: John T. Fidler of General Public Utilities, 201-263-6479/
(GPU) CO: General Public Utilities Corporation ST: New Jersey, Pennsylvania IN: UTI SU: DIV

MK-JS -- PH022 -- 4330 04/02/92 11:22 EST

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